Resources Connection (NASDAQ:RECN) announced its quarterly earnings data on Wednesday. The business services provider reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05, Briefing.com reports. The firm had revenue of $156.70 million during the quarter, compared to analyst estimates of $152.91 million. Resources Connection had a net margin of 2.60% and a return on equity of 8.08%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS.
Shares of Resources Connection (NASDAQ:RECN) traded down $0.40 during mid-day trading on Thursday, reaching $15.25. 250,600 shares of the company traded hands, compared to its average volume of 211,250. Resources Connection has a one year low of $12.05 and a one year high of $19.80. The stock has a market cap of $459.45, a P/E ratio of 26.29 and a beta of 1.18. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.20.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 16th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Wednesday, November 15th. Resources Connection’s dividend payout ratio (DPR) is 82.76%.
Resources Connection Company Profile
Resources Connection, Inc is a multinational consulting firm. The Company’s operating entities primarily provide services under the name Resources Global Professionals (RGP). The Company provides consulting and business initiative support services to its global client base in the areas of accounting; finance; corporate governance, risk and compliance (GRC) management; corporate advisory, strategic communications and restructuring; information management; human capital; supply chain management, and legal and regulatory.
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